The logo of Alibaba seen on its office building in Beijing on August 26. Photo: Simon Song
The logo of Alibaba seen on its office building in Beijing on August 26. Photo: Simon Song
Alibaba

Alibaba net income plummets 87 per cent, with first adjusted profit decline in more than five years

  • Alibaba net income fell 87 per cent for the September quarter, worse than estimated, as it ploughed money into Taobao Deals and Lazada
  • The company’s cloud business grew 33 per cent

Topic |   Alibaba
The logo of Alibaba seen on its office building in Beijing on August 26. Photo: Simon Song
The logo of Alibaba seen on its office building in Beijing on August 26. Photo: Simon Song
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